Article 62. Duties of the person who made the decision to liquidate the legal entity.

1. The founders (participants) of a legal entity or body that made the decision to liquidate a legal entity must immediately inform the authorized state body in writing so that the legal entity is in the process of liquidation in the uniform state register of legal entities.2. The founders (participants) of a legal entity or body that have decided to liquidate a legal entity shall appoint a liquidation commission (liquidator) and establish the procedure and terms for liquidation in accordance with this Code and other laws.3. From the moment the liquidation commission is appointed, the powers to manage the affairs of the legal entity shall pass to it. The liquidation commission shall act in court on behalf of the legal entity being liquidated.